Nanny tax rules, household employee rules, wage and hour law, and payroll tax requirements are governed by a complex assortment of Federal and state rules and legislation. HomeWork Solutions has assembled easy to understand, state specific tip sheets to save you hours of online research! COVID-19 Update: Through 31 December 2020, the federal government requires… Read more »
Nanny tax rules, household employment rules, wage and hour law, and payroll tax requirements are governed by a complex assortment of Federal, state, and local rules and legislation. HomeWork Solutions has assembled easy to understand, state specific tip sheets to save you hours of online research! Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District… Read more »
Mileage Reimbursement Rate Most families refer to the IRS guidelines to calculate mileage reimbursement rate for the business use of her personal vehicle. This will include such things as transporting your loved ones to/from activities, errands, shopping, etc. It does not include the employee’s commuting mileage to/from their home to their place of employment. Employee… Read more »
The nanny tax wage test, the minimum amount of wages paid that obligates the household employer for household employment taxes, is $2,700 of wages paid to an employee in the year 2024 (or $1,000 paid total in a calendar quarter for FUTA tax). HomeWork Solutions, Inc., May 2024 Nanny tax legislation enacted in 1994 dramatically… Read more »
Many families find that paying for their nanny’s or senior caregiver’s public transportation pass is a great tax free benefit. Because this is non-taxable, you can provide this nanny transportation allowance without having to pay FICA or unemployment taxes on the value! For 2024, an employer may reimburse the nanny or senior caregiver for mass/public… Read more »
